Is the Euro Uninvestable? The FX Question du Jour
The euro’s value relative to the US dollar (EUR/USD) recently dipped below parity for the first time since 2002. So precipitous and rapid has been the decline in EUR/USD over the…
The Inflation Game: War, Peace, and the Perils of Central Banking
“The descent is always more sudden than the increase; a balloon that has been punctured does not deflate in an orderly way.” — John Kenneth Galbraith I traveled with my family…
Equity Risk Premium Forum: MMT, Looking Back, Looking Ahead
For more insights on the equity risk premium from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish Mehra,…
Book Review: Purpose and Profit
Purpose and Profit: How Business Can Lift up the World. 2022. George Serafeim. HarperCollins Leadership. In Purpose and Profit: How Business Can Lift up the World, George Serafeim, the Charles…
New Breed of Private Capital Firms Will Face Performance Headwinds
Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated…
Case Study Shows CBD Shrinks Tumor
Cannabis has a long history of traditional use as a botanical medicine. The term medical marijuana refers to the use of whole, unprocessed plant and pure extract to treat disease…
The Fed’s “Time of Testing”: Is This Where the Trouble Will Stop?
“This is a time of testing — a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.” — Paul Volcker, 9…
Equity Risk Premium Forum: The Stock/Bond Correlation Switch-Up
For more insights on the equity risk premium from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish Mehra,…
ESG Criteria: Global Asset Managers Expand Their Embrace
The number of environmental, social, and governance (ESG) benchmarks and indexes demanded by the asset management community has grown at an unprecedented rate over the past two years. That’s according…
How to Talk to Clients about Inflation
As financial advisers, clients often come to us with various questions about GDP, unemployment, interest rates, consumer consumption, and how these numbers can affect the market and their investments. I…
